Question: . Based on the information below, what is the claimed amount for the merchandise processing fee (MPF) on an Unused Direct Identification 1313(j)(1)drawbackclaim? Imported merchandise:

. Based on the information below, what is the claimed amount for the merchandise processing fee (MPF) on an Unused Direct Identification 1313(j)(1)drawbackclaim?

Imported merchandise:

500 bikes ($200 per unit) $100,000

500 spare parts ($175 per unit) $87,500

Invoice value $187,500

Less Non-Dutiable Charges (NDC) -$2,500

Total Entered Value $185,000

Total MPF paid $485.00

MPF rate .3464%

Exported merchandise fordrawbackpurposes: 200 bikes ( Write out math equations used ) Show work!

A) $103.47

B) $102.43

C) $138.56

D) $137.17

E) $480.15

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!